Bond futures drive Korean brokers' revenues

Almost two thirds of futures brokerage revenues in Korea this year has come from one contract, which accounts for just 0.7% of futures and options volumes on Korea Exchange.

Data from Korea's Financial Supervisory Service (FSS) showed that the three-year Korea Treasury bond (KTB) futures contract provided brokerage revenues for the half year to 30 September of KRW35.08bn ($33.6m), equivalent to 61% of all revenues earned by the country's 14 companies engaged in futures...